BitGo Adds USDC Minting and Redemption to Institutional Platform
BitGo now lets institutional clients mint and redeem USDC via Go Accounts, with orders routed through its Circle Mint account.
BitGo has expanded its institutional stablecoin services, allowing clients to mint and redeem USDC through its Go Accounts platform. Orders are processed via BitGo’s Circle Mint account.
How It Works
Instant Telegram notifications for large on-chain moves.
BitGo’s Go Accounts now support USDC minting and redemption, with transaction orders routed through its partnership with Circle’s Mint service.
Impact
The addition provides institutional investors with a streamlined method to manage USDC holdings, potentially increasing stablecoin liquidity in corporate treasury operations.
Key Facts
- BitGo clients can mint and redeem USDC via Go Accounts.
- Orders are handled through BitGo’s Circle Mint account.
- Expansion enhances institutional stablecoin infrastructure.
Source: theblock.co
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